Paragon Bank Mortgage Rates, Fees & Info
Memphis, TNLEI: 549300TGWKRP2P13MO72
Tax ID: 20-1022853
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Paragon Bank is a smaller bank specializing in Home Purchase loans. Paragon Bank has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Oxford, Wilmington, Atlanta, and Nashville among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)Paragon Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
182Origination Dollar Volume (All Markets)
$58,860,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 96 | $27,210,000 | $283,438 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 20 | $9,620,000 | $481,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 17 | $4,835,000 | $284,412 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $2,295,000 | $459,000 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,820,000 | $151,667 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,490,000 | $745,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| Rolla, MO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 182 | $58,860,000 | $323,407 | $0 | 0.00% |
For 2024, Paragon Bank's most frequently originated type of loan was Conventional, with 182 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 149 | $50,325,000 | $337,752 | $0 | 0.00% |
| Refi | 24 | $6,810,000 | $283,750 | $0 | 0.00% |
| Cash Out Refi | 9 | $1,725,000 | $191,667 | $0 | 0.00% |
For 2024, Paragon Bank's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 182 | $58,860,000 | $323,407 | $0 | 0.00% |
For 2024, Paragon Bank's most frequently cited loan duration was Other, with 182 originations.
Loan Sizing
2024 saw Paragon Bank place emphasis on $200k-400k loans with 65 originations, totaling $19,805,000 in origination value.
Applicant Income
Paragon Bank lent most frequently to those with incomes in the $250k+ range, with 35 originations. The second most popular income band? $100k-150k, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 182 | $58,860,000 | $323,407 | $0 | 0.00% |
Paragon Bank lent most frequently to those with DTI ratios of Exempt%, with 182 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.10%
Paragon Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.31%
Paragon Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 182 | $58,860,000 | $323,407 |